Stephen Mandel's Lone Pine Capital disclosed in an SEC filing its holdings as of December 31, 2018. The fund's six new buys during the fourth quarter included, by size of position, Booking (BKNG), Mastercard (MA), Tiffany (TIF), Autodesk (ADSK), and Salesforce (CRM). Lone Pine exited six positions in the quarter, including by size of previous position Alphabet (GOOG), Electronic Arts (EA), Nvidia (NVDA), First Data (FDC), Union Pacific (UNP), and FleetCor (FLT). The fund increased its stake in six holdings, including by size of previous position Amazon (AMZN), Facebook (FB), UnitedHealth (UNH), CSX (CSX), Constellation Brands (STZ), and TransUnion (TRU). Lone Pine reduced its stake in 10 positions, including by size of previous position Alibaba (BABA), Activision Blizzard (ATVI), Microsoft (MSFT), MercadoLibre (MELI), and Adobe (ADBE). The fund's top holdings as of December 31, in order of size, were Adobe, Amazon, Microsoft, Iqvia (IQV), and UnitedHealth.

Zendesk (ZEN) announced the appointment of three new executives to its growing leadership team. Joining the company are Elisabeth Zornes, former general manager of global support for Microsoft Office (MSFT), as Zendesk's first chief customer officer; former Adobe (ADBE) executive Colleen Berube as chief information officer; and former Salesforce (CRM) executive Shawna Wolverton as senior vice president, product management.

Dan Loeb's Third Point disclosed in an SEC filing its holdings as of December 31, 2018. Third Point had one new buy in the quarter, it bought 575,000 shares of Cigna (CI). The fund exited 10 positions during the quarter, including by size of previous position, United Technologies (UTX), Alibaba (BABA), Microsoft (MSFT), Netflix (NFLX) and Marathon Petroleum (MPC). Third Point increased its stake in four holdings, Salesforce (CRM), Campbell Soup (CPB), Shire (SHPG) and Iqvia Holdings (IQV). The fund reduced its stake in 12 holdings, including by size of previous position, Baxter (BAX), PayPal (PYPL), DowDuPont (DWDP), American Express (AXP) and Constellation Brands (STZ). Third Point's top holdings as of December 31, 2018, in order of size, were Baxter, Campbell Soup, DowDuPont, PayPal and Danaher (DHR).

ServiceMaster guidance likely to surprise to the downside, says Morgan Stanley. Morgan Stanley analyst Toni Kaplan said she expects ServiceMaster (SERV) management to guide to adjusted EBITDA that is materially below current consensus estimates when the company reports Q4 earnings later this month. She believes consensus has not built in higher costs from dis-synergies and a $9M investment related to its new partnership with Salesforce.com (CRM). She also expects investors to focus on Terminix organic sales growth guidance, which she predicts will be guided at roughly 2%. In a case where the company issues below-consensus FY19 adjusted EBITDA guidance with 2% or less organic revenue growth for Terminix, which she views as the most likely scenario, Kaplan sees the stock declining 7%. If the EBITDA guidance misses but Terminix organic revenue growth is guided to be 2.5% or better at the midpoint, Kaplan expects the stock to be flat. In a scenario where FY19 EBITDA guidance is in-line and Terminix organic growth guidance is 2.5% or better, Kaplan sees the stock increasing 5%. She keeps an Equal Weight rating on ServiceMaster with a $36 price target.

Tableau price target raised to $145 from $125 at BMO Capital. BMO Capital analyst Keith Bachman raised his price target on Tableau (DATA) to $145 after its 2019 annual recurring revenue growth outlook of mid-30%. The analyst notes that while the management affirmed its FY19 revenue view, the ARR outlook should support investor interest. Bachman is also keeping his Market Perform rating on Tableau, stating that Adobe (ADBE) and salesforce (CRM) are his preferred companies in the space given their growth profiles.

Salesforce announced Salesforce Tower Dublin, significantly expanding the company's regional headquarters in Ireland. As part of the expansion, Salesforce plans to add 1,500 new local jobs over the next five years. Salesforce.org, the philanthropic arm of Salesforce, also announced a $1 million grant to Educate Together, supporting the opening and running of schools in Ireland. Today's announcements were made with the Irish Prime Minister, An Taoiseach Leo Varadkar TD at an event in the Convention Centre Dublin where nearly 1,000 Salesforce employees were present to hear details of the new plans. Salesforce Tower Dublin will be an urban campus of four interconnected buildings located on North Wall Quay within Dublin's vibrant Silicon Docks, overlooking the River Liffey. Salesforce employees are due to start moving into the 430,000 Sq ft campus in mid-2021. Salesforce Tower Dublin is being developed by Ronan Group Real Estate and Colony Capital.